Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.78674537 |
details, prediction |
Ethereum Classic
ETC
|
0.77382004 |
details, prediction |
Monero
XMR
|
0.7730365 |
details, prediction |
ZCash
ZEC
|
0.7679432 |
details, prediction |
Bitcoin Cash
BCH
|
0.7673578 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.93407357 |
details, prediction |
Bitcoin Gold
BTG
|
0.8991965 |
details, prediction |
Theta Fuel
TFUEL
|
0.8978215 |
details, prediction |
Request Network
REQ
|
0.8760527 |
details, prediction |
Status
SNT
|
0.87085783 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.95522076 |
details, prediction |
ARK
ARK
|
0.9285472 |
details, prediction |
Chronobank
TIME
|
0.90410125 |
details, prediction |
Internet of Services
IOST
|
0.8919582 |
details, prediction |
SysCoin
SYS
|
0.88977677 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.63832337 |
details, prediction |
UNUS SED LEO
LEO
|
0.19949493 |
details, prediction |
ChainLink
LINK
|
0.5625103 |
details, prediction |
Stellar
XLM
|
0.5684237 |
details, prediction |
Ethereum
ETH
|
0.63375175 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.24894802 |
details, prediction |
Dai
DAI
|
-0.17231175 |
details, prediction |
Nexo
NEXO
|
0.1335499 |
details, prediction |
True USD
TUSD
|
0.33020228 |
details, prediction |
Verge
XVG
|
0.4273786 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.3556232 |
details, prediction |
Dent
DENT
|
-0.27347293 |
details, prediction |
Propy
PRO
|
-0.08018707 |
details, prediction |
OPEN Platform
OPEN
|
0.008120866 |
details, prediction |
NKN
NKN
|
0.0236001 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)